HOPE vs MCB: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and Metropolitan Bank Holding Corp. (MCB) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and MCB?
On 3 years of weekly data the HOPE/MCB correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.69) than the 3-year average (0.80). The 5-year figure is 0.73, and annualized covariance runs at 1033.7 %².
Among the 47 assets we track against HOPE, MCB ranks #26 by 3-year correlation. The trailing year gives HOPE the advantage: +30.9% versus +17.5%, a 13.4-point spread.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
HOPE vs MCB: side by side
| HOPE (Hope Bancorp, Inc.) | MCB (Metropolitan Bank Holding Corp.) | |
|---|---|---|
| 1-year return | +30.9% | +17.5% |
| 5-year return | +29.9% | +20.3% |
| Volatility (ann.) | 29.7% | 43.5% |
| Beta vs S&P 500 | 0.91 | 0.94 |
| Max drawdown (3Y) | -35.1% | -42.3% |
| Market cap | $1.8B | $1.1B |
| P/E (trailing) | 13.8 | 11.7 |
| Dividend yield | 4.02% | 0.82% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | MCB |
|---|---|---|
| 2022 | -9.6% | -44.9% |
| 2023 | -0.1% | -5.6% |
| 2024 | +6.8% | +5.5% |
| 2025 | -5.9% | +31.3% |
| 2026 | +31.3% | +21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and MCB good diversifiers for each other?
No: a correlation of 0.80 means HOPE and MCB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HOPE and MCB?
The HOPE/MCB correlation stands at 0.80 on a 3-year window (1 year: 0.69, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is MCB a good diversifier for HOPE?
No: a correlation of 0.80 means HOPE and MCB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hope-vs-mcb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hope-vs-mcb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOPE correlations · MCB correlations
